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Question 14 (3.3 points) Chuck is choosing between two investments offered by two banks. One promises an annual return of 6% for 10 years with
Question 14 (3.3 points) Chuck is choosing between two investments offered by two banks. One promises an annual return of 6% for 10 years with annual simple interest, while the other offers an annual return of 5% for 10 years with annually-compounded interest. Chuck should choose A) The simple interest option if Chuck is investing less than $10,000 B) The simple interest option C) It does not matter since these two options are effectively the same D) The compounded interest option
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